Palm Beach County Housing Market Report January 2025•Palm Beach County, Florida

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Housing Prices in Palm Beach County, FL

How much do homes in Palm Beach County, FL cost?

Housing Market Conditions

Is Palm Beach County, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palm Beach County is a Buyer's Market

Difference Since January 2024

At the same time last year, Palm Beach County was a Neutral Market.

Insight

Palm Beach County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$502,539$300/SqFt
+$37,553
+8.1%

Based on all homes sold in the last 12 months

Insight

Homes in Palm Beach County have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Palm Beach County was $502,539 in January 2025, up 8.1% from last year, and the median price per square foot was $300.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Okeechobee County
+10.0%
Palm Beach County
+8.1%
Broward County
+7.3%
Martin County
+2.8%
Hendry County
-3.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$150K$147K
-2.0%
2$304.9K$309.4K
+1.5%
3$525K$549.9K
+4.7%
4$781.2K$821.8K
+5.2%
5$1.3M$1.5M
+11.0%

Summary: Palm Beach County housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -2.0%. The home price for 2 bedroom homes increased by +1.5%. The home price for 3 bedroom homes increased by +4.7%. The home price for 4 bedroom homes increased by +5.2%. The home price for 5 bedroom homes increased by +11.0%.

Housing supply in Palm Beach County, FL

How many homes are available in Palm Beach County, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
16,072Last MonthJan 2025
13,8162 months agoDec 2024
+16.3 %
Change MoMDec – Jan

Summary: The Palm Beach County real estate market had 16,072 homes for sale in Jan 2025, a 16.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1,192Last MonthJan 2025
1,5492 months agoDec 2024
-23.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
11,1561,366
+18.2%
25,2216,141
+17.6%
34,5115,156
+14.3%
41,7031,986
+16.6%
51,2251,423
+16.2%

Summary: Palm Beach County housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +18.2%. The inventory for 2 bedroom homes increased by +17.6%. The inventory for 3 bedroom homes increased by +14.3%. The inventory for 4 bedroom homes increased by +16.6%. The inventory for 5 bedroom homes increased by +16.2%.

Asking Price vs. Sold Price

How much do homes in Palm Beach County, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price60 Homes

At Asking Price149 Homes

Under Asking Price982 Homes

Insight

If you're buying a home in Palm Beach County, you may be able to get a good deal. 82.5% of homes here sold below asking price last month.

Summary: A total of 1,192 homes were sold or pending in Palm Beach County in January 2025, down by 23.0% month-over-month. Of the 1191 sold homes, 82% were sold under asking, 13% were sold at asking, and and 5% were sold over asking.

Days on Market for Palm Beach County, FL

How long does it take to sell a home in Palm Beach County, FL?

Breakdown of Home Sale Times

Under 30 Days459 Homes

30 – 90 Days375 Homes

Over 90 Days358 Homes

Insight

Many homes in Palm Beach County are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 1192 homes were sold in Palm Beach County; 39% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
73 DaysThis YearJan 2025
53 Days1 year agoJan 2024
+38.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Palm Beach County had an average listing age of 73 days in Jan 2025, up by 38.3% compared to the previous year.

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Newest Listings in Palm Beach County, FL

What homes are available in Palm Beach County, FL?

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Based on information from Beaches MLS, Miami MLS, Stellar MLS, Space Coast MLS, and Florida Gulf Coast MLS for the period 02/01/2023 - 02/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 2/21/2025, 12:20:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.